china mobile ltd-spon adr (CHLX) Details

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. It offers voice services comprising local calls, domestic and international long distance calls, intra-provincial roaming, inter-provincial roaming, and international roaming, as well as voice value-added services, including caller identity display, caller restrictions, call waiting, call forwarding, call holding, voice mails, conference calls, and others. The company also offers data services, such as SMS, including subscriber-to-subscriber messages, short messages, and others; and MMS. In addition, it provides wireless data traffic services comprising mobile data traffic and WLAN data traffic; and applications and information services, including mobile music, mobile paper, mobile reading, mobile video, mobile market, etc. Further, the company offers telecommunications network planning design and consulting services; roaming clearance services; technology platform development and maintenance services; and mobile data solutions, system integration, and development, as well as operates a network and business coordination center. Additionally, it is involved in network planning and optimizing construction testing and supervising activities; technology support; development and training of mobile communication system; designing and selling electronic communication products; and provision of non-banking financial services, as well as computer hardware and software research and development services. The company was formerly known as China Mobile (Hong Kong) Limited and changed its name to China Mobile Limited in May 2006. The company was incorporated in 1997 and is based in Central, Hong Kong. China Mobile Limited is a subsidiary of China Mobile Hong Kong (BVI) Limited.

china mobile ltd-spon adr (CHLX) Key Developments

China Tower Reportedly Plans To Raise Funds

Jul 20 15

China Tower Corporation Limited plans to raise as much as CNY 60 billion selling a stake to outside investors, people with knowledge of the matter said. China Tower aims to sell as much as a 20% stake in a private placement, ahead of a planned initial public offering in 2017, the people said. A formal sale process may start as soon as the fourth quarter, three of the people said, asking not to be identified as the information is confidential. China Mobile Limited (SEHK:941), China Telecom Corp. Ltd. (SEHK:728) and China Unicom (Hong Kong) Limited (SEHK:762) aim to inject a combined CNY 300 billion of assets into the venture by the end of August 2015, according to the people. Investment banks have started reaching out to China Tower on the stake sale plan, though no advisers have been hired yet, two of the people said. A representative for China Tower didn’t respond to e-mails seeking comment, an investor-relations official at China Unicom declined to comment, while representatives for China Mobile and China Telecom didn’t answer phone calls and e-mails seeking comment, reported Bloomberg.

National Development and Reform Commission Fine CNY 13.18 Million on Yunnan Branches of China Mobile, China Telecom, China Unicom and China Railcom

Jun 4 15

National Development and Reform Commission on June 2, 2015 issued a notification, saying Yunnan Provincial Communications Administration (YPCA) led four telecom operators to reach an agreement on the presented scope, amplitude, frequency, etc. and required them to execute through issuing rectification notices and other compulsory means to restrict the operators' competitiveness and means. In this regard, YPCA conducted a rectification and stopped relevant practices and fined a total of CNY 13.18 million on the Yunnan branches of China Mobile, China Telecom, China Unicom and China Railcom.

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